Austin home prices rise in September 2017

The median sale price of a home sold in September 2017 in Austin, a Chicago neighborhood, rose by $57,000 while total sales increased by 41.9%, according to BlockShopper.com.

In September 2017, there were 61 homes sold, with a median sale price of $125,000 - a 83.8% increase over the $68,000 median sale price for the same period of the previous year. There were 43 homes sold in Austin in September 2016.

The median sales tax in Austin for 2017 was $2,680. In 2016, the median sales tax was $2,611. This marks an increase of 2.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.

The following table compares Austin to other Chicago neighborhood with similar median sales prices in September 2017:

Neighborhood

Sept. 2017 Home Sales

Sept. 2016 Home Sales

% change (Total Home Sales)

Sept. 2017 Median Sales Price

Sept. 2016 Median Sales Price

% change (Median Sales Price)

Marquette Park

22

28

-21.4%

$152,500

$127,500

19.6%

Uptown

31

40

-22.5%

$150,000

$237,500

-36.8%

Brainerd

27

34

-20.6%

$140,000

$105,750

32.4%

East Side

18

16

12.5%

$134,500

$67,500

99.3%

Woodlawn

18

22

-18.2%

$134,250

$84,250

59.3%

Austin

61

43

41.9%

$125,000

$68,000

83.8%

South Shore

29

36

-19.4%

$120,500

$78,750

53%

West Hometown

4

10

-60%

$119,750

$110,000

8.9%

Hegewisch

9

9

0%

$110,000

$125,000

-12%

Morgan Park

29

20

45%

$110,000

$117,500

-6.4%

Little Village

28

21

33.3%

$105,000

$65,000

61.5%

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